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URL:  http://boards.fool.com/under-medicaid-you-are-allowed-to-have-2000-in-30323844.aspx

Subject:  Re: Medicare, anyone? Date:  10/16/2012  9:40 PM
Author:  Donna405 Number:  17956 of 19380

Under Medicaid, you are allowed to have $2,000 in assets, total. See: http://en.wikipedia.org/wiki/Medicaid_(United_States)#Assets...

Medicare will pay for a short time in a nursing home/rehabilitation center. <<How Much Does Medicare Pay?
Original Medicare will pay the full cost of up to 20 days of care for covered services provided by a skilled nursing facility. If you qualify for skilled nursing care, your Medicare coverage will include a semi-private room, meals, medications, medical supplies, dietary counseling, and the required skilled nursing and/or rehabilitative care. For days 21 through 100, Medicare coverage will pay for all of the services except for a daily copayment, which you will be required to pay. In 2008, the copayment was $128 per day. This copayment may be significantly cheaper under a Medicare Part C plan. After the 100th day, Medicare coverage no longer applies and you will be required to pay the full cost of the services. These timelines and benefits may be different under certain types of Medicare policies, such as Medigap or Medicare Part C (also known as a Medicare Advantage Plan). Check with your plan for details. >> http://www.medicare.com/assisted-living/does-medicare-pay-fo...

Donna
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